Welcome to our dedicated page for Victory news (Ticker: VTYB), a resource for investors and traders seeking the latest updates and insights on Victory stock.
Victory Bancorp, Inc. (VTYB) provides specialized commercial banking services to Pennsylvania businesses and professionals through its subsidiary The Victory Bank. This news hub offers investors and stakeholders direct access to the company's official financial developments and strategic announcements.
Our curated collection features essential updates including quarterly earnings reports, regulatory filings, leadership changes, and partnership announcements. Users will find detailed information on loan portfolio performance, deposit growth initiatives, and risk management practices central to VTYB's operations.
This resource serves professionals requiring timely insights into the bank's market position within competitive regional banking. All content is sourced from verified corporate communications, maintaining strict editorial neutrality regarding investment decisions.
Bookmark this page for streamlined access to Victory Bancorp's financial trajectory, with new materials added as official announcements are released through proper channels.
The Victory Bank (VTYB) has announced the opening of its new branch at 100 Gibraltar Road in Horsham, PA on April 14, 2025. The branch will offer comprehensive banking services including checking and savings accounts, home equity loans, and commercial lending solutions.
To mark this expansion, the bank will host a Grand Opening celebration from June 2-6, 2025, featuring financial literacy courses, business seminars, and children's activities. The event will include promotions for new accounts, giveaways, and a sweepstakes.
Led by Branch Manager Elizabeth Knott, the new location emphasizes the bank's commitment to personalized service, featuring direct access to banking representatives without automated systems. The branch aims to serve both individual and business customers with tailored financial solutions and expert guidance.
The Victory Bank (VTYB) has announced the opening of its second retail branch in Horsham, Pennsylvania, scheduled for April 1, 2025. Located at 100 Gibraltar Road, the new branch emphasizes the bank's commitment to personalized banking services, featuring direct human interaction without automated phone systems.
The branch will offer comprehensive services including checking and savings accounts, home equity loans, personal loans, and custom-underwritten business loans. A Grand Opening Celebration is planned for June 2-6, 2025, featuring promotions and giveaways.
CEO Joseph Major highlighted the bank's distinctive approach to customer service, emphasizing direct connection to representatives without wait times. Branch Manager Elizabeth Knott reinforced the bank's commitment to community service. The expansion includes new job opportunities at the Horsham location.
The Victory Bancorp (VTYB) has announced its participation in the Banking Virtual Investor Conference on March 6th, 2025, where CEO & Chairman Joseph Major will present from 1:00-1:30 PM EST. The interactive online event will include a Q&A session and 1x1 meetings availability from 1:30-4:30 PM EST.
The company reported strong 2024 financial results, including:
- Loan growth of $26.6M despite challenging market conditions
- Deposit increase of $33M
- $4.65M subordinated debt issuance with $2.5M for growth and capital
- Q4 net earnings up $83K year-over-year, with ROAE at 7.58%
- Book value at $14.84 per share
- Quarterly dividend of $0.065 per share
The bank demonstrated exceptional loan quality metrics as of December 31, 2024, outperforming peer averages with 0.0% losses to average loans, 0.01% in 30-89 day past due loans, and 0.05% in non-performing loans.
The Victory Bancorp (OTCQX: VTYB) reported strong financial results for 2024, marking significant growth across key metrics. The bank achieved $26.6 million in loan growth and $33 million in deposit growth, despite challenging market conditions. The company successfully raised $4.65 million in subordinated debt, with $2.5 million allocated to support bank growth initiatives.
Fourth-quarter earnings showed an $83 thousand year-over-year increase, with quarterly earnings at $558 thousand and a return on average equity of 7.58%. Book value per share slightly decreased from $14.89 to $14.84 in Q4. The company maintained exceptional loan quality metrics, outperforming peers with 0% losses to average loans, 0.01% in 30-89 day past due loans, and 0.05% in non-performing loans. The bank paid quarterly dividends of $0.065 per share, totaling $0.26 for 2024.
Victory Bancorp (OTCQX:VTYB) has announced a quarterly cash dividend of $0.0650 per share of common stock. The dividend will be paid on February 14, 2025, to stockholders of record as of January 31, 2025.
The company operates through its subsidiary, The Victory Bank, a Pennsylvania state-chartered commercial bank headquartered in Limerick, Pennsylvania. Established in 2008, the bank specializes in business lending, providing banking services to small and mid-sized businesses and professionals through three offices in Montgomery and Berks Counties, Pennsylvania.
The Victory Bancorp announced the pricing and closing of a $4.65 million private placement of fixed-to-floating rate subordinated notes. The notes will initially bear interest at 8.50% per annum until December 31, 2026, payable semi-annually. After that, the interest rate will reset quarterly based on the three-month SOFR plus a spread until maturity on December 31, 2029.
The proceeds will be used for general corporate purposes, including funding organic and strategic growth initiatives, enhancing balance sheet flexibility, and supporting bank regulatory capital ratios. The notes may be redeemed at the Company's option on any scheduled interest payment date after the second anniversary.
Victory Bancorp (OTCQX:VTYB) has declared a quarterly cash dividend of $0.0650 per share of common stock. The dividend will be paid on December 13, 2024 to stockholders of record as of December 4, 2024. The company operates through The Victory Bank, a Pennsylvania state-chartered commercial bank established in 2008, serving small and mid-sized businesses through three offices in Montgomery and Berks Counties.
The Victory Bancorp (OTCQX: VTYB) reported strong Q3 2024 financial results with significant growth across key metrics. Deposits increased 10.8% to $398.2 million, while net loans grew 12.7% to $395.2 million compared to Q3 2023. Total assets reached $467.9 million, up 11.9% year-over-year. Credit quality showed remarkable improvement with non-performing assets declining from $2.2 million at end-2023 to $209 thousand. The company reported net income of $586 thousand ($0.29 per share) and maintained a net interest margin of 3.58%. A cash dividend of $0.065 per share was paid to shareholders.
Victory Bancorp, Inc. (OTCQX:VTYB) has declared a quarterly cash dividend of $0.0650 per outstanding share of common stock. The dividend was paid on September 9, 2024, to stockholders of record as of August 3, 2024. Victory Bancorp is the parent company of The Victory Bank, a Pennsylvania state-chartered commercial bank established in 2008.
The Victory Bank specializes in providing high-quality banking services to small and mid-sized businesses and professionals through its three offices in Montgomery and Berks Counties, Pennsylvania. The bank is headquartered in Limerick, Pennsylvania, just outside the Philadelphia market.
The Victory Bancorp, Inc. (OTCQX: VTYB) announced strong Q2 2024 results, demonstrating resilience amid challenging market conditions. Key highlights include:
- Net loans increased 16.3% YoY to $396.5 million
- Total assets grew by $55.9 million YoY to $469.8 million
- Deposits increased by $20.6 million from year-end 2023
- Net income of $289,000 ($0.14 per share)
- Book value per share reached $14.28
- $0.065 per share cash dividend paid
The bank maintained strong credit quality with reduced delinquencies and nonaccrual loans. The ACL ratio was 0.89%, covering non-performing loans 53.3 times. Victory Bancorp remains well-capitalized and positioned for continued growth.
